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low taxes or the economy won't flourish, but i guess in my mind i think of traditional economy being the post-new deal economy of relatively robust high tax rates on high earners and a social safety net that is part of the social compact. to me that's tradition. that's 80 years. >> that's american. and i've -- you know, i've been working at investments -- well, really i bought my first stock when i was 11 but i started selling stocks when i was 20 and i sold stocks when personal income tax rates got as high as 91%. i've sold them when capital gains rate got as high as 39.6% and we had some wonderful periods of growth and g.d.p. and the middle-class as well as the rich prospered when tax rates were much higher than they are now. >> jon: well, we'll take a commercial and come back and talk about an op-ed that you wrote which laid out some of the math of this and some other financial going on in the world. we'll be right back. more from warren buffett and carol loomis right after this. (cheerd (cheers and applause). >> jon: welcome back, we're talking with warren buffett and carol loomi
, that the majority of americans would believe that incurring more debt is good for our economy, for our children's future, for job creators. >> it's not a traditional america anymore, and there are 50% of the voting public who want stuff. >> i cannot believe that the majority of americans would believe that it's okay not to follow the constitution and not have a budget. >> who is going to give them things? president obama. people feel that they are entitled to things. ( laughter ). ( booing ). >> jon: holy ( bleep ) balls. what an incredible story to tell yourselves. "we would have won if it weren't for the moral failings of the the none real america. it's white people judo." fox lost because last night minorities who feel entitled to things, came and took the country away from the self-sufficiency, white medicare retirees and upper class tax-avoidance experts, or as they're also known-- your audience. we'll be right back. ( cheers and applause ) >> jon: welcome back. last night brought a big storm to ( bleep ) mountain of which the citizens were unrepaired having relied on their internal fore
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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